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of avoiding the fiscal cliff. he'll meet with harry reid, mitch mcconnell, john boehner and nancy pelosi at quarter after 10:00 eastern time. mcconnell says republicans won't raise tax rates. the white house says the president won't sign an extension of tax cuts for top earners. chinese officials including the country's vice minister are sounding alarm bells with external risks to growth. they hope the uts will come to an agreement on tax issues or warns the country could face a slide into deep recession. eunice yoom is taking a closer look at the relationship between the two economic super powers and how they're likely to proceed. >> she's sitting down to her regular taste of americana. she and her co-workers dine out at their favorite fast food joint from the west twice a week, exactly the kind of middle income chinese american companies hope will drive their future growth. >> translator: we're used to eating rice, she says. it's convenient and nice to have fast food once in a while and have a change. american companies are hoping gnaw leadership will make it easier to sell to chinese
@thekudlowreport. we'll read them later in the show. >>> guess what? nancy pelosi is staying. wow! in congress. as the minority leader of the house democrats. holy cow. surrounded by women democrats at the house, nancy pelosi told reporters today they were looking into the future. more women, more minorities in the incoming house. more than ever before with her decision. the democratic leadership is not going to change in the new house of representatives in january. and all i'll say is my condolences to her longtime deputy, steny hoyer. >>> anyway, stocks dropped sharply on president obama's press conference today. the dow closed down almost 700 points since the election itself. keith boykin notwithstanding. we'll look at the growing number of investor pessimists. this is not good. >>> later, markets also have their eye on a big escalation in mideast hostility. hamas declaring war on israel. this while we have no cia director. >>> and don't forget, free market capitalism is the best path to prosperity. i don't know why we have to raise $800 billion in revenues. makes no sense to me. cut spendi
't know. i'm getting nervous. i think the former speaker nancy pelosi may have topped that this weekend when she answered no to a question about whether which could be a keel that just caps deductions for the wealthy but doesn't raise tax rates for them. now maybe possible -- no. flat out no. until pelosi's compromise killer, i put the senate minority leader in a class by himself in the obstructionist camp. now, of course, one can argue that senator patty merit, the fourth ranking senate democrat is the most out there with her hey, let's go over the fiscal cliff comments in order for to force republicans at the table. she's a champion idea that wants more over the cliff than republicans will fold. again, no harm, no foul. if mary doesn't change her tune, she's the most likely candidate to be named to the "mad money" wall of shame fiscal cliff an ex. there are other parts of the cliff that will give you huge layoffs, particularly in the defense industry. these jobs wouldn't be switched back like they're electric lights in your home. power goes out, they stay out. unless you think the def
, foreign aid, nancy pelosi's aircraft, all compensation for congress. that's nothing. that's about 4% of where we are. you get spending cuts by going into the entitlements programs. these things are on health care -- doesn't matter what you call it. it's an automatic pilot. all you have to do is look at the demographics and the fact that all these things are happening. health, obesity drugs. you're taking care of them all. >> medicare and medicaid, how realistic are we going to get some cuts here? these are the biggies. >> better get realistic. we can't do it. >> we spend twice as much as any other developed country in the world on health care. twice as much. that might be all right if, you know, our outcomes were twice as good as anybody else's. but they're not. we rank somewhere between 25th and 50th in such important measures as infant mortality, life expectancy, preventable death. anybody who doesn't think those 32 million people who don't have health care insurance don't get health care, they get health care today. they just get it at the emergency room at five to eight times th
of the white house, they all have a slightly different date. nancy pelosi said we hope to get this wrapped up by christmas. one of the others said early december is when it should be done. shortly after thanksgiving somebody else said. so, i think we're lacking details, lacking commitments. we'll have to keep with the skeptics going. >> gene, what do you think? do you care about the structure of the deal? some would say have you to solve entitlements or the bond market is going to punish the country and it has to be dealt with? or do you think the stock market cares about getting something, anything done, before the end. year? >> on an immediate basis, no doubt. it cares about getting something done, something on the table. for the longevity of the upside, yes, i think it is concerned about what measures are really put in place, what the bipartisan cooperation really looks like in the end. >> rick, do you agree? >> i think in the near term any type of conclusion to this is going to be a positive for equities. don't confuse that for whatever deal is struck, how it affects long-term economic gr
will be coming together to solve this problem. >> governor, nancy pelosi of course out this morning says she's going to run again for some leadership in the congress. is that a signal that the white house is going to remain more partisan perhaps than some hope? >> actually, i don't think so. you know, nancy pelosi was the one who produced the votes for the financial bailout. you all recall that. there weren't republican votes even when president bush proposed it and secretary paulson. nancy found the votes. nancy is good at finding the votes out of our progressive wing and the president will need votes from our progressive wing and nancy is a good person to do that. >> we'll see how things go down this afternoon and later in the week. governor, lanhee good to see you back. don't be a stranger. >> thanks for having me. >> brian shactman is at hq. >> iag got a downgrade today and the stock is getting thumped already at its average daily volume. 15% to the downside. one of the keys were costs were up because quality of gold they were mining was not as good as they had been in the past. back to
but nancy pelosi saying we have to have cuts. >> about as good as you can expect at an hour or two. >> especially talking about the possibility of getting this done, not at the very last minute but with some room to spare. i don't know what getting it done but it means having all of the elements of a deal completed or whether it means a mechanism or getting it done in the early part of next year but i think every sign that we just got out of the meeting was positive. >> let's bring in senator kent conrad of north dakota. had a busy day already. thank you for being with us. >> you bet. >> i'm sure you were able to hear senator reid say we won't wait until the last day of december, working through the thanksgiving recess. do you agree with john that this was a good first step? >> extremely positive. i'm even more encouraged. you know, i felt all along there's a good chance to arrive at a framework agreement in this lame duck session, lay out the size of the package, how it would be distributed to how much to cut in spending and raise in revenue. lay all that out before the end of the
. and the negotiations. nancy pelosi responded to some members of both parties calling to go ahead and go over the cliff. >> i don't think it's my role to go to the table with a threat. i think it's my role to go to the table with some ideas to be receptive to what we can come to agreement on. i'm not criticizing statements others make. but what i am saying is that there's too much at risk. and even if you went over the cliff for one month and then corrected it, you would still have a loss of gdp. >> and we've already started our discussion with our guest hosts, jeremy siegel and steve forbes. jeremy, we already had the beginning of this discussion. i'll start with you because i said you can see it sort of happening in some of the averages and you see the front page journal piece today about corporations cutting back on spending. do you not ascribe much to the notion that people are already acting with some trepidation about this and it could be harmful? >> i think the fall since the election is clearly the cliff might be close. there's hope that it had romney won, that force would mitigate or eliminate
Search Results 0 to 7 of about 8